On this special edition of Marketing Matters, Americus is joined by Eran Ofir, CEO and Cofounder, and Dr. Charles Herman, Chief Medical Officer of Somatix. Somatix has created cutting edge technology for the health care industry in the form of a real-time gesture detection platform that utilizes sensors built into a range of wearables, as well as predictive analytics and machine learning to passively monitor, remotely track, analyze, and deliver insights and help act on massive volumes of detected gesture data.
Dreamit alum MPOWER Financing, a fintech company providing educational loans to high-potential international and DACA students, has completed its largest funding round to-date with $110 million in new financing for students enrolling in major US universities.
Dreamit startup Lia has been named one of TIME magazine’s Best Inventions of 2018.
Dreamit SecureTech startup CYR3CON, which helps companies predict and prevent cyber attacks using artificial intelligence, announced a $1.5 million seed round led by Scout Ventures, with participation from Michael Sutton (former CISO, Zscaler), Aleksandr Yampolskiy (CEO, SecurityScorecard), Steven Witt (former CEO, Onyara and Partner/Co-Founder of DataTribe), and Steve Hassell, (former CIO, Emerson).
Dreamit portfolio company LevelUp was acquired by Grubhub in a “spectacular outcome” for the accelerator and venture fund. Founder and CEO Matt Maloney told TechCrunch that while previous Grubhub acquisitions like Eat24 were designed to give the company’s delivery business more scale, “This is kind of a different acquisition. It’s a product and strategic positioning acquisition.”
Singapore-based smart lock maker Igloohome has closed a $4 million Series A round. The startup graduated from Dreamit in 2015. The investment was led by Insignia Ventures, the new firm started by ex-Sequoia venture partner Yinglan Tan. Phillip Private Equity, X Capital Ventures, K3 Venture’s Kuok Meng Xiong, angel investor Koh Boon Hwee, and existing backer Wavemaker Partners also took part. Inspired by the rise of Airbnb and hosts on the platform, Igloohome sells a range of key-less products that include digital locks, digital deadbolts and a digital safe deposit box. The products are notable because they work offline, requiring either a manually entry pin code or ‘Bluetooth key’ on a phone to unlock. Despite that, owners can still control access remotely, while there’s a physical key just in case.
Dreamit HealthTech alum Somatix beat out over 40 other startups to win the first-ever "Market Disrupt" pitch competition at the "Employer Healthcare & Benefits Congress and World Medical Tourism & Global Healthcare Congress."